- The EUR/USD targets 1.10000 as the next level.
- The expected trading region for Friday is between support 1.10000 and resistance 1.1250.
- The direction on the hourly timeframe is a bearish trend.
- The EUR/USD is witnessing a sharp fall on the hourly timeframe chart, and it seems impulsive.
EUR/USD resumed its downtrend since breaking below the 1.1250 level, a significant support level, increasing expectations of the bearish trend continuing until the end of the week.
There is no optimism for the change of direction unless the EUR/USD exceeds 1.11439.
Euro/Dollar is in a bearish wave five, and now it’s resuming its fall to reach 1.10000, which is considered a critical support level for the pair.
We don’t encourage you to buy at the current time unless the EUR/USD exceeds at least the 1.11439 level.
